4660 Whitman Ln - Freestanding FOR SALE


Lacey, WA 98513
$3,195,683 USD
503-200-2061
4660 Whitman Ln, Lacey, WA for Sale
$3,195,683 USD
Freestanding - FOR SALE
1/9
null | 6.5% Cap Rate

4660 Whitman Ln
Lacey, WA 98513


HIGHLIGHTS

  • Strategically positioned within minutes of Providence St. Peter Hospital, Washington State Government offices, and Sea Mar Community Health Centers
  • The property utilizes an NNN lease structure, which enables tenants to assume responsibility for nearly all operating expenses
  • 4660 Whitman Ln SE occupies a prestigious position in Lacey's Rainier Commercial Park, featuring high-visibility frontage on heavily traveled Yelm Hwy
  • Located within Lacey's established commercial district alongside Lowe's, major retail anchors, and the rapidly expanding Lacey Corporate Center

OVERVIEW

We are pleased to present for sale Lacey Retail Center! Lacey Retail Center, located in Thurston County, Washington, is a well-established retail property featuring 6 suites with 100% occupancy. Encompassing 11,324 square feet, the center showcases a diverse tenant mix including Lacey Liquor & Beverage, Kasita Krec's LLC, Sharp Design Hair Studio, Canna Cabana Subs & Shakes, Emerald City/Pizza Hut, and Star Nails & Spa, providing essential services and dining options to the community. The property benefits from stable, long-term tenants with built-in rent escalations and generates additional income from a T-Mobile cell tower lease with automatic 10% increases every five years. Recent capital improvements including a new roof (2020), updated HVAC system (2017), and modernized fire panel (2025) demonstrate proactive property management and commitment to maintaining the asset. Strategically positioned in Lacey's retail corridor, the center serves the growing Thurston County market and benefits from its proximity to major transportation routes and residential neighborhoods, making it an attractive investment opportunity with proven cash flow and value-add potential through professional management.

FOR SALE DETAILS

PRICE

$3,195,683 USD

PRICE/SF

$278 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lacey Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

Commercial

APN/PARCEL ID

70220000400

ASK ABOUT THIS PROPERTY

Joseph DabushMarcus & MillichapMore Info
503-200-2061

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Joseph DabushMarcus & MillichapMore Info
503-200-2061

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.